ProShares Smart Materials ETF (NYSEARCA:TINT – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 888 shares, a decrease of 68.6% from the August 15th total of 2,829 shares. Based on an average trading volume of 838 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.8% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC grew its holdings in ProShares Smart Materials ETF (NYSEARCA:TINT – Free Report) by 17.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,551 shares of the company’s stock after buying an additional 3,146 shares during the period. Jane Street Group LLC owned 43.10% of ProShares Smart Materials ETF worth $607,000 as of its most recent filing with the Securities & Exchange Commission.
ProShares Smart Materials ETF Stock Up 1.1%
Shares of NYSEARCA TINT traded up $0.41 during midday trading on Friday, hitting $38.97. The stock had a trading volume of 90 shares, compared to its average volume of 617. The stock has a 50 day simple moving average of $39.51 and a 200-day simple moving average of $39.16. The company has a market capitalization of $1.95 million, a PE ratio of 18.76 and a beta of 1.23. ProShares Smart Materials ETF has a 1 year low of $30.96 and a 1 year high of $42.55.
About ProShares Smart Materials ETF
The ProShares Smart Materials ETF (TINT) is an exchange-traded fund that is based on the Solactive Smart Materials index. The fund tracks a market-cap weighted index of global companies that have significant exposure to smart materials, also known as intelligent or responsive materials. TINT was launched on Oct 26, 2021 and is managed by ProShares.
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